System and method for providing financial products for a deductible portion of an insurance policy
First Claim
1. A system comprising:
- at least one subsystem, within the system, to receive data about a first insurance policy of an insured party;
at least one subsystem, within the system, to determine a deductible amount of the first insurance policy;
at least one subsystem, within the system, to determine a premium to insure the deductible amount using a computing device;
at least one subsystem, within the system, to offer a quote for a second insurance policy for the deductible amount to the insured party; and
at least one subsystem, within the system, to pay the deductible amount to the insured party in the event of a claim against the first insurance policy.
1 Assignment
0 Petitions
Accused Products
Abstract
Methods and systems for providing supplemental insurance to insure the deductible amount of a primary insurance policy are described. In an example, data is received about a first insurance policy of an insured party; a deductible amount of the first insurance policy is determined; a premium to insure the deductible amount is determined using a computing device and a second insurance policy for the deductible amount is offered to the insured party. In an example, the first insurance policy may be provided by a third party provider. In an example, all of the deductible amounts of the insured party'"'"'s insurance policies may be added and supplemental insurance for the total deductible amount offered. In an example, the deductible amounts of a group of insured members may be added and supplemental insurance for the total deductible amount offered. In an example, the deductible amount of an insurance policy may be added to a loan.
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Citations
30 Claims
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1. A system comprising:
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at least one subsystem, within the system, to receive data about a first insurance policy of an insured party; at least one subsystem, within the system, to determine a deductible amount of the first insurance policy; at least one subsystem, within the system, to determine a premium to insure the deductible amount using a computing device; at least one subsystem, within the system, to offer a quote for a second insurance policy for the deductible amount to the insured party; and at least one subsystem, within the system, to pay the deductible amount to the insured party in the event of a claim against the first insurance policy. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A system comprising:
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at least one subsystem, within the system, to receive data about an insurance policy of an insured party from a third party computer system; at least one subsystem, within the system, to determine a deductible amount of the insurance policy; at least one subsystem, within the system, to determine a premium for the deductible amount; at least one subsystem, within the system, to offer a supplemental insurance policy for the deductible amount to the insured party, the supplemental insurance policy having a term that coincides with a term of the insurance policy; and at least one subsystem, within the system, to pay the deductible amount to the insured party in the event of a claim against the supplemental insurance policy. - View Dependent Claims (8, 9, 10, 11, 12)
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13. A system comprising:
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at least one subsystem, within the system, to receive data about a plurality of insurance policies of an insured party; at least one subsystem, within the system, to calculate a total deductible amount for all of the insurance policies using a computing device; at least one subsystem, within the system, to determine a premium for the total deductible amount using the computing device; at least one subsystem, within the system, to offer a quote for a supplemental insurance policy for the total deductible amount to the insured party; and at least one subsystem, within the system, to pay the deductible amount to the insured party in the event of a claim against the supplemental insurance policy. - View Dependent Claims (14, 15, 16, 17, 18)
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19. A non-transitory machine-readable medium comprising instructions, which when implemented by a computer performs the following operations:
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receive data about a plurality of insurance policies for a plurality of insured parties, the plurality of insured parties forming a group; determine a total deductible amount for all of the insurance policies of the group; determine a premium to insure the total deductible amount; offer a quote for a supplemental insurance policy for the total deductible amount to the group; and paying a first deductible amount to the group in the event of a claim against the supplemental insurance policy. - View Dependent Claims (20, 21, 22, 23, 24)
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25. A non-transitory machine-readable medium comprising instructions, which when implemented by a computer performs the following operations:
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receive data about an insurance policy and a loan of a first party; determine a deductible amount of the insurance policy; offer a quote for a supplemental insurance policy for at least a portion of the deductible amount to the first party; allow the first party to add the at least the portion of the deductible amount to a principal balance of the loan; and pay the deductible amount to the first party. - View Dependent Claims (26, 27, 28, 29, 30)
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Specification